Here we are sharing a piece of big news with you Fintech companies Paytm and Pine Labs have presented a point of sale (POS) device qualified for accepting payments using both the UPI and credit cards. Paytm’s recently launched device is called Card Soundbox, while Pine Labs’ product is called Mini. Since the news has come on the internet and gone viral on social media platforms. Now lots of people are searching this news as they are very curious to know about its whole information about it. Here we have more information about it and we will share it with you in this article.
Paytm Card Soundbox Device
As per the report, Both devices have been capable of taking payments via tap and pay using near-field communication (NFC) technology. But, they are not created to take swipe payments. The company states it aims to target small and medium-sized enterprises (SMFs) with these new devices. Currently, the latest devices have been gaining huge attention from people as they are searching for the about the price. As per the report, the Paytm Card Soundbox is available at a starting price of Rs 999, while Pine Lab’s Mini allegedly costs around Rs 1,999. Scroll down to the next page for more information about it.
Here we are sharing some features of the Paytm Card: 1. It allows merchants to get mobile and card payments using Visa, RuPay networks, Mastercard, American Express along UPI.
2. This feature permits tap and pay for payments up to Rs 5,000 which assisted merchants in expanding their businesses.
3. The Card Soundbox device arrives with a built-in Physical keypad and a display exhibiting the payment amount.
4. The device is also associated with the Paytm for Business app, making it easy for merchants to monitor their trades.
5. The new device is stated to present 4G connectivity and a battery that lasts up to five days.
Let’s take a look at Pine Labs Mini features: 1. The company guides to Mini as a contactless payment gadget that prioritises QR code payments and card tap transactions up to Rs, 5,000.
2. The Mini also suggests QR payments in reserve to card payments.
3. The Pine Labs newly established device contains alerts to confirm successful trades.
4. The device is consistent with UPI transactions and can process payments created with Rupay, MasterCard and VISA cards.
5. Mini is prepared with a play to showcase the QR code and other important information, along with a physical keypad.